Profund Advisors LLC Increases Stake in KB Financial Group, Inc. (KB)

Profund Advisors LLC raised its position in shares of KB Financial Group, Inc. (NYSE:KB) by 24.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,782 shares of the bank’s stock after buying an additional 3,536 shares during the period. Profund Advisors LLC’s holdings in KB Financial Group were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KB. Rothschild Investment Corp IL purchased a new position in KB Financial Group during the first quarter worth about $208,000. Crow Point Partners LLC purchased a new position in KB Financial Group during the third quarter worth about $165,000. James Investment Research Inc. raised its position in KB Financial Group by 1,125.0% in the third quarter. James Investment Research Inc. now owns 4,900 shares of the bank’s stock worth $168,000 after buying an additional 4,500 shares during the last quarter. Oxford Asset Management purchased a new position in KB Financial Group during the fourth quarter worth about $262,000. Finally, Fulton Bank N.A. purchased a new position in KB Financial Group during the first quarter worth about $358,000. Institutional investors and hedge funds own 6.32% of the company’s stock.

Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

KB Financial Group, Inc. (NYSE:KB) traded up 1.53% during mid-day trading on Friday, reaching $47.07. 334,837 shares of the company’s stock traded hands. The firm has a 50 day moving average of $44.76 and a 200 day moving average of $40.50. The firm has a market cap of $18.75 billion, a PE ratio of 8.61 and a beta of 1.20. KB Financial Group, Inc. has a 1-year low of $26.45 and a 1-year high of $48.68.

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A number of research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. upgraded shares of KB Financial Group from a “neutral” rating to an “overweight” rating in a research report on Monday, February 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.00.

KB Financial Group Company Profile

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

12 Month Chart for NYSE:KB

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